Sentient Completes Acquisition Of TAG
Terms of the transaction were not disclosed, but Sentient Flight Group Thursday announced completion of its acquisition of TAG Aviation USA and the formation of the Sentient Aircraft Management Division. Former TAG President and CEO J.W.P (Jake) Cartwright will lead the division. The new division will integrate Sentient's existing fleet management team and TAG USA's aircraft management structure. Sentient says the program means that clients seeking outside charter revenue will now have access to "the unparalleled jet demand generated by Sentient's Jet Membership and Charter clients." Last year, TAG had come into the sights of the FAA over concerns of TAG's relationship with AMI Jet Charter. TAG acted as a charter broker for AMI and owned a 49% interest in the company. TAG admitted no wrongdoing and settled with the FAA to the tune of $10 million.